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Article
Publication date: 15 September 2020

Paolo Ricci and Pietro Pavone

The paper aims to reach a better understanding of accountability and social reporting in the Italian justice system, by examining the state of the art of both literature…

Abstract

Purpose

The paper aims to reach a better understanding of accountability and social reporting in the Italian justice system, by examining the state of the art of both literature and practice. The case study highlights the critical elements in drawing up the social report of one of the most important Prosecutor Offices in Italy.

Design/methodology/approach

The case study analyzes the activities of the actors involved in the report building process by detailing all the steps involved in a research diary, in order to examine such process from the inside, thus reversing its perspective.

Findings

The study shows that both the lack of guidelines for judicial administrations and a consolidated trend of transforming administrative facts into documents useful to stakeholders slow down the evolution of practices, which are stuck in a perpetual trial stage.

Research limitations/implications

The limitations are mainly related to the adoption of a single case study, which does not include any comparison with other reporting experiences in the justice sector.

Originality/value

This paper adds evidence to the theoretical debate on social reporting in the justice sector which has so far received the attention of a limited number of scholars. Furthermore, unlike other studies focusing exclusively on the final report while overlooking the process that turns input into output, this research deals with the core of the social reporting process and practices in their development, capturing their most intimate and controversial aspects from the inside.

Details

International Journal of Public Sector Management, vol. 33 no. 6/7
Type: Research Article
ISSN: 0951-3558

Keywords

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Article
Publication date: 29 April 2021

Guido Migliaccio and Pietro Pavone

This paper investigates the income dynamics of Italian primary sector, during and after the international economic crisis. It focuses on three research questions: what has…

Abstract

Purpose

This paper investigates the income dynamics of Italian primary sector, during and after the international economic crisis. It focuses on three research questions: what has been the evolution of the main profitability ratios of agricultural enterprises in recent years? After the crisis, have the surviving farms increased their profitability? Has the profitability been different also in relation to the geographic location?

Design/methodology/approach

Income dynamics of a sample of companies have been analyzed, obtaining the 10-year evolution of the average value of three income indices (return on equity [ROE], return on assets [ROA] and return on sales [ROS]). Statistical elaborations and the analysis of variance (ANOVA) method have been used.

Findings

The years of the international economic crisis are often characterized by higher incomes than the following ones. The descending trend involves all three national macroareas of Italy, although characterized by considerable socioeconomic differences.

Research limitations/implications

The study considers only the society that survived the crisis, so, presumably, the strongest. Moreover, other ratios should be considered in order to have a more complete view.

Practical implications

Public policymakers could use this study for a better intervention in support of agricultural and agro-industrial activities.

Social implications

The careful economic and financial analysis of the sector favors the relaunching strategies of the Italian primary sector in which many employees work.

Originality/value

The research contributes to the literature by providing a quantitative analysis of the dynamics of the sector, through the comparative information that may be derived from financial statements.

Details

International Journal of Productivity and Performance Management, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1741-0401

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Article
Publication date: 21 January 2022

Veronica De Blasio, Pietro Pavone and Guido Migliaccio

This study offers a focus on the income dynamics of the sector, analyzing the evolution of the main profitability indicators (ROE, ROA, ROI and ROS) of 457 Italian…

Abstract

Purpose

This study offers a focus on the income dynamics of the sector, analyzing the evolution of the main profitability indicators (ROE, ROA, ROI and ROS) of 457 Italian companies in the 2008–2020 period. So, it is possible to verify the reactivity to the global financial crisis that began in 2008 and the first indications on the 2020 pandemic.

Design/methodology/approach

The analysis uses descriptive statistics tools and the ANOVA method of analysis of variance completed by Tukey's test, useful for identifying the existence of significant differences between geographical macro-areas of the country.

Findings

The results show positive dynamics in a sector that has been able to absorb the negative consequences of the great global crisis, improving its profitability over the years, albeit with differences in the macro-regions of Italy.

Research limitations/implications

The study considers only the companies that survived the crisis, so, presumably, the strongest. In the future, other ratios should be considered to have a more complete view. It is a quantitative study based on the financial report data that neglects other important economic factors.

Practical implications

Public policies might use this study for a better intervention in support of the sector. Besides, internal management may compare company outcomes with average sector outcomes to identify improvement prospects.

Social implications

The research represents a significant basis considering the risks deriving from the supply of low-cost Asian products that could significantly affect the profitability of Italian companies in the future.

Originality/value

The study contributes to the literature by providing a quantitative analysis of the dynamics of the sector, through the comparative information that may be deduced of balanced sheets in the course of the years.

Details

Journal of Small Business and Enterprise Development, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1462-6004

Keywords

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Article
Publication date: 11 December 2019

Guido Migliaccio and Luigi Tucci

This study aims to investigate, by means of a balance sheet analysis, the equilibrium and capital, financial, economic and income dynamics of Italian wine producers…

Abstract

Purpose

This study aims to investigate, by means of a balance sheet analysis, the equilibrium and capital, financial, economic and income dynamics of Italian wine producers, during and after the international economic crisis (2008-2017). Therefore, three research questions arise: What was the evolution of the main financial indicators and margins? Did the companies that survived the crisis increased their profitability? Have these companies changed their financial and economic balance sheets?

Design/methodology/approach

It was analyzed the balance sheets of a medium–large companies sample. The study describes the evolution of three income indices (return on equity compared to the average interest rate on government bonds, return on investment compared to the average rate on loans, return on sales), three asset margins (structural margin, net working capital and treasury margin) and four financial ratios (acid ratio, current ratio, leverage and index of financial dependence). The results were graphically represented, also with the use of interpolation curves.

Findings

After the crisis, the sector shows increasing profitability. However, from the balance sheet analysis and the trend of the financial indices, there is a strong imbalance and excessive levels of stocks. Furthermore, the debt situation is excessive: the predominant presence of third-party financing would require enormous recapitalizations and probably an increase in self-financing, which is possible thanks to the constantly growing profitability.

Research limitations/implications

The study takes into consideration only the companies that survived the crisis, therefore, presumably the stronger ones. Moreover, more ratios should be considered to have a more complete picture. It is a uniquely quantitative study based exclusively on the balance sheets data that neglect other important economic factors.

Practical implications

Public policies could use this study for better intervention decisions in support of agricultural and agro-industrial activities. Credit policy above all should consider the results of this research, requesting urgent consideration of possible capitalization warranting the access to regulated financial markets. Besides, internal management may compare company outcomes with average sector outcomes to identify improvement prospects. These kinds of studies are advisable for education and training.

Social implications

The careful economic and financial analysis of the sector favors the relaunching strategies of the Italian wineries in which many employees work. Supporting companies favors employment, constant incomes for workers’ families along the entire supply chain, from the production of grapes to consumption. A solid sector guarantees development and social and economic well-being.

Originality/value

The study contributes to the literature by providing a quantitative method of analysis of the sector, through the comparative information taken from the balance sheets. Therefore, it expands managerial and accounting knowledge on an important sector for the Italian and world economy.

Details

International Journal of Wine Business Research, vol. 32 no. 3
Type: Research Article
ISSN: 1751-1062

Keywords

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